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Victoria Real Estate market begins the new year with low inventory and high demand

February 5th, 2018
The Victoria Real Estate Board has released their latest statistics for the month of December. The following is an excerpt from their press release.

A total of 431 properties sold in the Victoria Real Estate Board region this January, 9.8 per cent fewer than the 478 properties sold in January last year. The sales of condominiums were down 30.6 per cent from last year in January – with 118 sold ...

Glynis' Market Snippets: January Edition

January 3rd, 2018
2017 was an eventful year in Victoria Real Estate. A low inventory has been a key factor in the market this year. Towards the end of the year we saw more price resistance on higher priced listings in the $1.2 - $2M range while buyers scrambled to purchase condos under $600,000. December recorded the lowest level of inventory for that month since tracking began in 1996 which has contributed to ...

Victoria Real Estate Market Strong to the End of 2017

January 3rd, 2018
The Victoria Real Estate Board has released their latest statistics for the month of December. The following is an excerpt from their press release.

A total of 462 properties sold in the Victoria Real Estate Board region this December, 1.9 per cent fewer than the 471 properties sold in December last year.

A grand total of 8,944 properties sold over the course of 2017, 15.8 percent fewer than t ...

Victoria Real Estate Market Experiences a Burst of Activity

December 4th, 2017

The Victoria Real Estate Board has released their latest statistics for the month of November. The following is an excerpt from their press release.


A total of 671 properties sold in the Victoria Real Estate Board region this November, 12 per cent more than the 599 properties sold in November last year. 

"We suggested last month that some buyers may accelerate their purchase timeline to buy ...

Victoria Real Estate Market Slowly Stabilizing after a Record Breaking 2016

November 9th, 2017
The Victoria Real Estate Board has released their latest statistics for the month of September. The following is an excerpt from their press release.

A total of 664 properties sold in the Victoria Real Estate Board region this October, 9.7 per cent fewer than the 735 properties sold in October last year.

“As expected, we saw fewer sales than this time last year,” notes Victoria Real Estate Boa ...

Sotheby's International Realty Canada - 2017 Fall Market Forecast

October 3rd, 2017

A strengthening Canadian economy is projected to have a positive, cascading impact on the nation’s high-end residential real estate market this fall. Montreal is forecast to emerge as a luxury real estate hot spot, with gains in sales volume and pricing expected in the $1 million-plus segment of the market. Strong economic fundamentals are set to foster healthy activity in the high-end Greate ...

Victoria Real Estate Market Changes Tempo for Autumn

October 2nd, 2017
The Victoria Real Estate Board has released their latest statistics for the month of September. The following is an excerpt from their press release.

A total of 640 properties sold in the Victoria Real Estate Board region this September, 18.1 per cent fewer than the 781 properties sold in September last year.

“We can certainly feel the difference in the current market when we compare to last y ...

Victoria Real Estate Market Statistics for August 2017

September 1st, 2017
The Victoria Real Estate Board has released their latest statistics for the month of August. The following is an excerpt from their press release.

A total of 736 properties sold in the Victoria Real Estate Board region this August, 16.6 per cent fewer than the 883 properties sold in August last year.

“I admit to being a little surprised by the August numbers,” notes Victoria Real Estate Board ...

Victoria Real Estate Market Remains Hot Into the Summer Months

August 2nd, 2017

The Victoria Real Estate Board has released their latest statistics for the month of July. The following is an excerpt from their press release.


“The activity level in the Victoria real estate market continues to be brisk, though we always expect a slowdown in the summer months,” says 2017 Victoria Real Estate Board President Ara Balabanian. “This July, we saw a strong focus on the lower p ...

Glynis' Market Snippets: July Edition

July 10th, 2017
The Victoria real estate market is creeping closer to inventory levels of July 2016. We are now running at a shortfall of listings 16% less than this time last year. Condo sales continue to be very brisk in the under $1million range and homes well priced, are quick to sell.

According to the local Times Colonist, buyers in Greater Victoria spent about $73.87 million bidding over the asking pric ...
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